ADB and India signal $50 million mortgage settlement for West Bengal

The Asian Development Bank (ADB) and the Government of India have inked $50 million policy-based mortgage settlement to enhance monetary administration procedures and operational efficiencies in West Bengal. Titled because the ‘West Bengal Public Finance Management Investment Programme’, the venture will assist to attain extra fiscal financial savings, promote knowledgeable choice making, and enhance service supply within the state.

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A centre for fiscal coverage and public finance can be established to deepen the capability of the state authorities officers on public finance administration whereas creating a web-based grievance redress system for transport companies and concrete native our bodies will present a reputable citizen-government interface.

Important takeaways for all aggressive exams: 

  • President of ADB: Masatsugu Asakawa; Headquarters: Manila, Philippines.

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